According to this one crypto newsletter, more than 400 ICOs launched last week. So when the others here are warning you to get into ICOs, they're correct – the market is flooded by shitcoins and it's very difficult to distinguish good ones from bad in any reasonable amount of time.

I personally have not invested in any except for one that I have a personal connection to. But if I were to provide some guidance for selecting good ones – I work for a company that tokenizes equity and helps companies with their ICOs –, here's what I would say:

• Check the team's track record and expertise
• Research news and reviews from industry experts
• Look for existing code (or a product) – whitepaper should not be enough!

Beyond that, the best maxim to follow is still "don't invest what you can't afford to lose". Especially, if you are new to the game.

In my view though, the ICO market is getting pretty close to being disrupted itself. Legally sound ICOs are on the way. There's a whole world of attractive, real world value tokens beyond the current generation of "shitcoins".